Area demand for OLED displays will increase by 11% CAGR from 2022 to 2030, as major manufacturers gradually include OLED panels into their premium lineups spanning TVs, mobile phones, and a broader range of consumer electronics such as notebooks and tablets, according to Omdia.
Mobile PC OLED panel demand on an area basis is forecasted to grow at a 34% CAGR from 2022 to 2030, as Apple actively adopts OLED and its rivals follow suit. "From 2024, Apple will adopt OLED in iPad Pro models in earnest, and as a result, we anticipate demand for OLED panels for mobile PCs will increase rapidly," said senior principle analyst Ricky Park in a recent Omdia report.
The OLED TV market is also expected to grow after 2024, as Samsung Electronics' strategy to expand OLED sales and adoption of WOLEDs has now become a foregone fact, Omdia indicated.
In the smartphone display market, OLED's market share increased rapidly from 30% in 2020 to 42% in 2022, with its share set to rise steadily in the future, Omdia said.
In a situation where the growth of mobile phones and OLED TVs is slowing down, OLED for mobile PCs is emerging as a new market for display makers, according to Omdia. The possibility of OLED being adopted beyond the tablet market but also in laptops is increasing. Samsung Display has decided to build a dedicated production line, G8.6 fab, to achieve optimal OLED image quality against reasonable production costs.
